We saw really bad data from eu and germany (ZEW Economic Sentiment ) today. I took a small profit & will postpone my long position. I aspect a downturn to 86-85 region.
The german DAX is in a decending trend channel.
Actually we saw some soft and bad data (Sanctions against Russia, PMI and Ifo) coming from the EU and Germany witch lead the DAX to 87XX area.
I think the abs purchase program will boost the DAX to the 10000 and maybe more.
The ECB will start their program in the middle of October 2014.
So now it's a good opportunity for buying the german DAX .
A good entry point is @ 87xx- 88xx, bottom of the trend channel.